Form 10E
Definition
A form filed to claim relief under Section 89 of India's income-tax law when salary is received in arrears or in advance, spreading the tax effect so the taxpayer is not pushed into a higher bracket by the lump sum.
Related Terms in India GST
GSTR-1A
An amendment facility that lets a supplier correct or add details to a GSTR-1 for a tax period before the corresponding GSTR-3B is filed, so outward-supply data can be fixed without waiting for a later period.
GST Late Fee
A fee charged for filing a GST return after its due date, accruing per day up to a cap that depends on the return and the taxpayer's turnover. It is separate from interest on unpaid tax.
GST Interest
Interest payable on GST paid late or on excess input tax credit wrongly claimed and utilised, charged at the notified rate from the due date until payment. It is distinct from the late fee for delayed filing.
GST Show Cause Notice (SCN)
A notice the GST department issues asking a taxpayer to explain why tax, interest or penalty should not be demanded, before an order is passed. Responding within the time allowed is essential to contest the demand.
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